According to an analysis:
For majority of companies’ slowdown in simple words mean increasingly decreasing income. While the spends more or less remain same or increase, even companies resort to easiest of measures – like layoffs, hiring freeze etc., which an analysis says even if seem the best policy momentarily, stagnant and slowdown the future growth of the companies.
The analysis says the best policy is to “cut on the right things and investing on the right things”.
The analysis says :
When companies are hit with a slowdown, they resort to following measures:
• Hiring freeze
• Stop hiring
• Layoffs
• Start issuing pink slips
• Cut promotion budgets
• Across-the-board pay freeze
• Freeze expansion plans
But as per the analysis,slowdowns are also the time to take following measures:
• It gives the employer the opportunity to hire the best talent at a reasonable cost, those you can’t afford when the economy turns around.
• Present you with the time to undertake strategic hiring: Right time to hire talent who can manage the slowdown(see you through the hard times) and pave the way for future growth.
• If Good times (past years) mean optimism, slowdown doesn’t mean pessimism either. It’s time to rethink.
For majority of companies’ slowdown in simple words mean increasingly decreasing income. While the spends more or less remain same or increase, even companies resort to easiest of measures – like layoffs, hiring freeze etc., which an analysis says even if seem the best policy momentarily, stagnant and slowdown the future growth of the companies.
The analysis says the best policy is to “cut on the right things and investing on the right things”.
The analysis says :
When companies are hit with a slowdown, they resort to following measures:
• Hiring freeze
• Stop hiring
• Layoffs
• Start issuing pink slips
• Cut promotion budgets
• Across-the-board pay freeze
• Freeze expansion plans
But as per the analysis,slowdowns are also the time to take following measures:
• It gives the employer the opportunity to hire the best talent at a reasonable cost, those you can’t afford when the economy turns around.
• Present you with the time to undertake strategic hiring: Right time to hire talent who can manage the slowdown(see you through the hard times) and pave the way for future growth.
• If Good times (past years) mean optimism, slowdown doesn’t mean pessimism either. It’s time to rethink.
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